Foxconn

Foxconn is reportedly looking to start manufacturing iPhones in India, and is scouting locations in the countries for factories. Manufacturing iPhones and other Apple devices in India could see their prices drop in the country.

Apple will reportedly continue using Foxconn as its primary manufacturing partner. Not only is the company said to receive as many as 70% of Apple's orders for this year's iPhone, but they will also reportedly build the long-rumored iPad Pro.

Update: Foxconn has now told CNET that Reuters' story is "completely inaccurate and totally without foundation", adding, "As we continue to increase the application of automation in our operations, the magnitude of our employee recruitment is expected to decrease in the years ahead, but we have no plans to reduce our workforce numbers now or anytime in the future."

Original story: Foxconn, the main manufacturing partner for Apple, will reduce its huge workforce in the face of higher labor costs and lower revenues. The move comes even as Apple is expecting to reveal high sales for its iPhone 6 and iPhone 6 Plus later today, both of which are made at Foxconn factories.

Foxconn, the manufacturer of Apple's devices, including the iPhone and iPad, is about to invest $2.6 billion in a facility in Taiwan dedicated to producing displays for a single client. While the client isn't explicitly named, few companies other than Apple could generate the demand that would require a dedicated display production facility. The plant is expected to begin producing displays by the end of next year, according to Bloomberg:

Even as Apple gets ready to launch the iPhone 6 and iPhone 6 Plus in less than two days, its main manufacturing contractor Foxconn is reportedly having issues keeping up with the demand for the new smartphone.

A worker at one of Foxconn's factories in China was reportedly detained and accused by local law enforcement of stealing six shells for Apple's upcoming iPhone 6 and selling them to a buyer for $160 each.